The company said, "Net orders in the second quarter of 2010 were 2,244, down 23% from 2,910 in the year-earlier period. As a percentage of beginning backlog, the cancellation rate was 26% in the current quarter, compared to 27% in the 2009 second quarter."

09:26 ET

RIMM Guides Q2 EPS Above Consensus

Research in Motion (RIMM 58.58) reported first quarter earnings of $1.38 per share after the close yesterday, $0.04 better than the Thomson Reuters consensus of $1.34.

Looking ahead into the company's second quarter, RIMM guided earnings in the range of $1.33 to $1.40 per share, above the $1.31 Thomson Reuters consensus. Also, the company guided revenues to be in the range of $4.4 billion to $4.6 billion, in-line with the $4.5 billion Thomson Reuters consensus.

During the quarter, the company reported gross margins of 45.4% versus the 44.5% company guidance. RIMM reported also reported first quarter units shipped of 11.2 million versus the 11.2 million to 11.8 million guidance and reported net subscriber adds of 4.9 million versus the 4.9-5.2 million guidance.

In addition to reporting earnings, the company authorized a share repurchase program to purchase for cancellation up to approximately 31 million common shares.

09:16 ET

ORCL Guides Q1 EPS In-line

Revenues rose 39.9% year-over-year to $9.6 billion versus the $9.49 billon consensus. The company reported fourth quarter non-GAAP operating margin of 46.0% versus the 42.2% consensus. Last quarter, the company reported 45% and 51.1% in last year's fourth quarter. Non-GAAP software license updates and product support revenues were up 13% to $3.5 billion.

On the company's conference call after hours yesterday, Oracle guided first quarter earnings of $0.36 to $0.38 per share, excluding non-recurring items, in-line with the $0.36 consensus. On the top line, the company forecasted revenue growth of 44% to 48%, which calculates to approx. $7.29 billion to $7.44 billion versus the $7.53 billion consensus.

The company said, "We estimate that Sun contributed over $400 million to non-GAAP operating income in our Q4. The company said, "This compares with a loss in Sun's quarter ending June of last year, when Sun was an independent company. Now that Sun is profitable, we have increased confidence that we will meet or exceed our goal of Sun contributing $1.5 billion to non-GAAP operating income in FY2011, and $2.0 billion in FY2012."